Ubisoft 2014 Annual Report Download - page 135

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Financial statements
2014
130
Subscription options
11th plan
12th plan
16th plan
17th plan
18th plan
Total number of shares granted
(1)
1,570,134
1,487,128
1,824,587
1,377,587
101,340
Start of exercise period
10/14/2005
11/17/2005
11/17/2005
06/13/2009
06/27/2009
09/15/2009
End of exercise period
10/13/2014
11/16/2014
11/16/2014
06/13/2013
06/26/2013
09/14/2013
Strike price of options
(1)
€3.84
€3.64
€3.83
€27.44
€27.35
€28.98
€27.82
France
Italy
France
World
Maturity (years)
10
10
5
5
5
Volatility
30%
30%
30%
30%
30%
Risk-free interest rate
4%
3.90%
4.38%
4.38%
4.23%
Estimated dividend rate
0%
0%
0%
0%
0%
Annual turnover rate
3%
3%
5%
5%
5%
Fair value of options after stock split
(1)
(€/share)
€1.47
€1.59
€1.53
€6.69
€8.00
€8.54
€6.72
France
Italy
France
World
Options at April 1, 2013
257,457
683,492
1,401,651
1,264,895
82,619
Options granted during the period
-
-
-
-
-
Options exercised during the period
85,065
103,436
-
-
-
Options cancelled during the period
6,877
-
1,401,651
1,264,895
82,619
Options outstanding at March 31, 2014
165,515
580,056
-
-
-
19th plan
20th plan
21st plan
22nd plan
23rd plan
Total number of shares granted
(1)
3,108,309
121,171
4,551
120,336
3,123,939
Start of exercise period
05/12/2010
06/18/2010
12/15/2010
04/29/2011
06/30/2011
End of exercise period
05/11/2014
06/17/2014
12/14/2014
04/28/2015
06/29/2015
Strike price of options
(1)
€14.75
€14.24
€15.43
€16.71
€9.93
€9.91
€7.02
€6.32
France
World
France
World
France
World
Maturity (years)
5
5
5
5
5
Volatility
30%
30%
30%
30%
30%
Risk-free interest rate
2.42%
2.61%
2.23%
2.01%
1.54%
Estimated dividend rate
0%
0%
0%
0%
0%
Annual turnover rate
5%
5%
5%
0%
5%
Fair value of options after stock split
(1)
(€/share)
€3.54
€2.68
€5.22
€3.37
€2.64
€2.46
€1.29
€1.13
France
World
France
World
France
World
Options at April 1, 2013
2,708,676
82,067
1,517
120,336
2,747,136
Options granted during the period
-
-
-
-
-
Options exercised during the period
-
-
-
-
458,657
Options cancelled during the period
69,744
1,518
-
-
66,546
Options outstanding at March 31, 2014
2,638,932
80,549
1,517
120,336
2,221,933